Four Door Seller Finance Portfolio in Memphis, TN
Easy to Rent Easy to Manage Community with Exceptional Cash Flow!
Purchase Price: $425,000
Down Payment: $65,000 + Buyer Closing Costs (16%)
Seller Finaced: $360,000 @ 6% Interest (Amortized over 30 Years)
Balloon Payment: Year 10 (No Pre-Payment Allowed)Monthly
Payments: $2,158.38Total Market Rent: $5,200
As-Is Value: $450k
ARV: $480,000
Monthly Taxes: $318 (Estimated ReAssessment)Insurance
Required: Hazard Insurance (min Replacement Value)
HOA: None
Net Operating Income: $3,802 (15% for Maintenance & Vacancy)
Monthly Cash Flow: $1,250Yearly Cash Flow: $15,000
Potential Cash on Cash Return: 28.61%
All properties are well maintained and mostly updated. All units are being rented and any tenant issues or repair requests are handled quickly. 3 Tenants are Month to Month with below market Rents. One Unit is Recently Vacant.
- 30XX Littlefield Cv, Memphis, TN 38119
- Townhome - 2 Bed 2.5 Bath 1,536 SF
- Roof < 10 Years, Newly Remodeled Kitchen
- Vacant. Market Rent = $1,350
- ARV: $135k. As-Is: $125k
- 30XX Littlefield Cv, Memphis, TN 38119
- Townhome - 2 Bed 2.5 Bath 1,248 SF
- Roof @ 50% and Repaired Recently
- Month to Month Tenant. Market Rent = $1,450
- ARV: $140k. As-Is: $130k
- 70XX Wesley Ct, Memphis, TN 38119
- SFH - 2 Bed 1.5 Bath 966 SF
- Roof < 4 Years, LVP Flooring throughout. Ceramic Tile Kitchen
- Month to Month Tenant. Market Rent = $1,200
- ARV: $110k. As-Is: $100k
- 70XX Wesley Ct, Memphis, TN 38119
- SFH - 2 Bed 1.5 Bath 1008 SF
- Roof < 10 Years, Tile Floor throughout.
- Month to Month Tenant. Market Rent = $1,200
- ARV: $110k. As-Is: $100k
Comps:
- Rental- 6991 Crestridge Rd, Memphis (2 Beds 1.5 Baths SFH)
- Sold for $110k on 3/7/25
- Rented for $1,200 within 2 Weeks of Listing
- Rental- 3074 McVay Trail Dr, Memphis
- Listed for $1,350 on 7/30/25
- 2 Zillow Applications within 7 Days of Listing
- ARV- 3063 McVay Trail Dr, Memphis
- 2 Beds 2.5 Baths Townhouse
- Sold for $170k on 3/11/25
- ARV- 3051 Greenlodge Ln, Memphis
- 2 Beds 2.5 Baths Townhouse
- Sold for $135k on 7/24/25